KUALA LUMPUR: Malaysia, the world’s second largest producer, left the tax on exports of crude palm oil unchanged for an eighth month to encourage shipments and prevent a build-up in stockpiles during the peak output season.
Cargoes will be taxed at 4.5% in October after the reference price was set at RM2,306.11 a tonne, according to a Customs Department statement. The tariff was zero in January and February before rising to 4.5% in March.
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